Westport's Q2 Loss Meets Expectations, Revenues Rise Y/Y

Core Insights - Westport Fuel Systems Inc. (WPRT) reported a loss of 29 cents per share in Q2 2025, matching the Zacks Consensus Estimate, compared to a loss of 43 cents in the same period last year [1][10] - The company achieved consolidated revenues of $88.9 million, exceeding the Zacks Consensus Estimate of $74 million and slightly up from $88.6 million in Q2 2024 [2][10] Financial Performance - Adjusted EBITDA loss was $1 million, an improvement from a loss of $2 million in the prior year [2] - Cash and cash equivalents decreased to $6.06 million as of June 30, 2025, down from $14.75 million at the end of 2024 [9] - Long-term debt reduced to $0.98 million as of June 30, 2025, from $2.93 million at the end of 2024 [9] Segment Analysis - Cespira: Reported net sales of $12 million, below the estimate of $17.7 million but up from $4.1 million in Q2 2024; incurred an operating loss of $6.7 million, wider than the $2 million loss in the prior year [3][4] - Light-Duty: Net sales increased to $76.4 million from $69.3 million in Q2 2024, surpassing the estimate of $68.3 million; gross profit rose to $15.1 million (20% of revenues) from $14.7 million (21% of revenues) [5][10] - High-Pressure Controls and Systems: Net sales totaled $2.9 million, down from $3.6 million in the prior year but above the estimate of $2.3 million; gross profit fell to $0.1 million (3% of revenues) from $1.1 million (31% of revenues) [6][7] - Heavy-Duty OEM: Net sales decreased to $9.6 million from $10.5 million in the year-ago quarter, although it exceeded the estimate of $3.7 million; gross profit declined to $0.7 million (7% of revenues) from $1.3 million in Q2 2024 [8][10]